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Intangible assets - Goodwill (Tables)
 12 Months Ended
Dec. 31, 2017
Intangible assets - Goodwill (Tables) [Abstract]  
Breakdown

Based on the assumptions described above, no impairment loss was recognized for goodwill at December 31, 2017, 2016 and 2015.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Thousand of reais

 

 

 

 

 

 

 

 

 

 

 

2017

 

2016

 

2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Breakdown

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Banco ABN Amro Real S.A. (Banco Real)

 

 

 

 

 

 

 

  27,217,565

 

27,217,565

 

27,217,565

Olé Consignado (Current Company name of Banco Bonsucesso Consignado)

 

 

 

 

 

62,800

 

  62,800

 

  62,800

Super Pagamentos e Administração de Meios Eletrônicos Ltda. (Super)

 

 

 

 

 

13,050

 

  13,050

 

  13,050

Banco PSA Finance Brasil S.A.

 

 

 

 

 

 

 

 

 

1,557

 

  -

 

  -

Getnet Adquirência e Serviços para Meios de Pagamento S.A. (Santander Getnet)

 

 

 

 

 

  1,039,304

 

1,039,304

 

1,039,304

BW Guirapá I S.A.

 

 

 

 

 

 

 

 

 

 

 

-

 

  22,320

 

  -

Ipanema Empreendimentos e Participações Ltda. (Note 3.c)

 

 

 

 

 

28,120

 

  -

 

  -

Others

 

 

 

 

 

 

 

 

 

 

 

1,860

 

  -

 

  -

Total

 

 

 

 

 

 

 

 

 

 

 

  28,364,256

 

28,355,039

 

28,332,719

Main assumptions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial Banking

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

2016

 

2015

Main assumptions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basis of determining recoverable amounts

 

 

 

 

 

 Value in use: cash flows

Period of the projections of cash flows (1)

 

 

 

 

 

 

 

 5 years

 

 5 years

 

 5 years

Growth rate perpetual

 

 

 

 

 

 

 

 

 

8.3%

 

8.0%

 

7.5%

Discount rate (2)

 

 

 

 

 

 

 

 

 

 

 

14.6%

 

15.2%

 

15.2%

(1) 'The projections of cash flow are prepared using Management´s growth plans and internal budget, based on historical data, market expectations and conditions such as industry growth, interest rate and inflation.

(2) The discount rate is calculated based on the capital asset pricing model (CAPM). The discount rate before tax is 20.42% (2016 - 20.23% and 2015 - 20.11%).
Changes of goodwill

The changes of goodwill in December, 31 2017, 2016 and 2015 were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Thousand of reais

 

 

 

 

 

 

 

 

 

 

 

2017

 

2016

 

2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of the year

 

 

 

 

 

 

 

 

 

  28,355,039

 

28,332,719

 

28,270,955

Additions (loss):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Olé Consignado(Note 4.c)

 

 

 

-

 

  -

 

  62,800

Super (Note 4.c)

 

 

 

-

 

  -

 

(1,036)

BW Guirapá (Note 4.c)

 

 

 

  (22,320)

 

  22,320

 

  -

Banco PSA Finance Brasil S.A.

 

 

 

 

 

 

 

 

 

1,557

 

  -

 

  -

Ipanema Empreendimentos e Participações Ltda. (Note 3.c)

 

 

 

 

 

28,120

 

  -

 

  -

Others

 

 

 

 

 

 

 

 

 

 

 

1,860

 

  -

 

  -

Balance at end of the year

 

 

 

 

 

 

 

 

 

  28,364,256

 

28,355,039

 

28,332,719

(1) In 2016 refers to goodwill of BW Guirapá. In 2015, the Banco Santander, through Aymoré CFI, became the controlling shareholder of Banco Bonsucesso Consignado, with 60% of capital.